Solanki Real Estate to invest 12bn in Ras Al Khaimah
Solanki Real Estate, a part of the Solanki Holdings Group, has today announced a new 12bn investment initiative in the northern emirate of Ras Al Khaimah.
The centrepiece of this new initiative will be a new 9bn development in the popular Al Marjan Islands project, which will comprise of a community of residential villas and apartments, as well as a range of commercial units including shops and a hotel.
Solanki Real Estate see the launch in the popular Al Marjan Islands district as being key to their initiatives to extend the offering of medium to luxury property in Ras Al Khaimah.
Despite the more challenging financial conditions, Solanki Real Estate are confident in their choice of timing for the project launch, pointing to the increasing levels of business activity in Ras Al Khaimah.
Property in Al Marjan Islands has proven consistently popular with investors who see the region as key to the future growth and development of the UAE. Al Marjan Islands is already home to a number of key developments including those at La Hoya Bay, the Royal Gulf and the Pacific.
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